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The Law Enforcement Branch seized assets of Karti Chidambaram worth 54 billion rupees in India, the United Kingdom and Spain as part of the INX Media case.
Karti Chidambaram, son of the congressional leader and former minister of the union, P Chidambaram, has been accused of obtaining government permission to invest abroad in the country. 39, an amount of about 300 million rupees for INX Media, a television company then owned by Peter and Indrani Mukerjea – in exchange for bribes. Investigators say that he used the influence of his father, who was finance minister in the UPA government at the time.
"A provisional order of temporary attachment" weird and bizarre "that is not based on laws or facts, but on crazy conjectures.This is only used to make the headlines," tweeted Mr. Chidambaram. He said the order would not stand up to judicial review, and that he would address the appropriate legal forum.
The investigating agency issued an order under the Prevention of Money Laundering (PMLA) Law for the seizure of Mr. Chidambaram's assets in Kodaikanal and Ooty in Tamil Nadu and an apartment in Jorbagh, central Delhi.
A cottage and a house in Somerset UK and a tennis club in Barcelona, Spain, were also seized as part of the order, the agency said.
Fixed deposits worth Rs. 90 million in a Chennai bank, on behalf of Advantage Strategic Consulting Private Limited (ASCPL), were also attached, said the Law Enforcement Directorate.
The assets are in the name of Karti Chidambaram and ASCPL, the company that would be related to him, he said. "The attached assets collectively represent 54 billion rupees," he said.
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